Economics News Results

  • Singapore Consumer Prices Rise for First Time in 11 Months

    SINGAPORE--Singapore's consumer prices rose for the first time in 11 months in January, driven by a pickup in core inflation and higher private-transport and accommodation costs. The consumer-price index rose 0.2% last month from a year earlier, after being flat in December, the Department of Statistics said Tuesday. The CPI last rose in February 2020, up 0.3%.

  • New Jersey Governor to Propose Full Pension Payment for First Time Since 1996 -- Update

    Phil Murphy is expected to propose making a full payment to the state's chronically underfunded pension system for the first time since 1996, a sign that the blow from the pandemic to all states' finances isn't as brutal as officials originally feared. Murphy, a Democrat, will call for a $6.4 billion payment to the pension system in his budget address Tuesday, senior members of his administration said. The Murphy administration has been ramping up pension payments and originally...

  • Texas Factory Activity Surges in February Despite the Cold Weather -- Dallas Fed

    Manufacturing activity in Texas continued to grow in February even though the severe winter storm disrupted the economy, keeping many businesses shut. The production index of the Texas Manufacturing Outlook Survey, a key measure of state manufacturing conditions, came in at 19.9 in February, up from 4.6 in January and indicative of a sharp acceleration in output growth. In the survey, researchers at the Federal Reserve in Dallas ask Texas executives about a range of conditions...

  • Treasury May Be Able to Facilitate Climate Stress Tests on Financial Firms -- 2nd Update

    Treasury may be able to facilitate climate stress tests on U.S. banks and insurers, Treasury Secretary Janet Yellen said Monday, though the tests likely wouldn't impose capital requirements or limit dividend payouts as existing stress tests do. Yellen, speaking at the New York Times DealBook conference, said the tests would be carried out by the Federal Reserve and other financial regulators and not the Treasury. But she said the Treasury, which helps shape regulatory policy...

  • U.S. Leading Economic Index Rises in January -- The Conference Board

    An economic index that measures U.S. business cycles increased in January for the ninth consecutive month, data from The Conference Board showed Monday. The Leading Economic index was 110.3 in January, up 0.5% compared with December. The rise is broadly in line with expectations from economists polled by The Wall Street Journal, who forecast the indicator to increase 0.4%.

  • Treasury May Be Able to Facilitate Climate Stress Tests on Financial Firms -- Update

    Treasury may be able to facilitate climate stress tests on U.S. banks and insurers, Treasury Secretary Janet Yellen said Monday, though the tests likely wouldn't impose capital requirements or limit dividend payouts as existing stress tests do. Yellen, speaking at the New York Times DealBook conference, said the tests would be carried out by the Federal Reserve and other financial regulators and not the Treasury. But she said the Treasury, which helps shape regulatory policy...

  • Treasury May Be Able to Facilitate Climate Stress Tests on U.S. Financial Firms

    Treasury may be able to facilitate climate stress tests on U.S. banks and insurers, Treasury Secretary Janet Yellen said Monday, though the tests likely wouldn't impose capital requirements or limit dividend payouts as existing stress tests do. Write to Kate Davidson at kate.davidson@wsj.com. (END) Dow Jones Newswires 02-22-21 0954 ET Copyright (c) 2021 Dow Jones& Company, Inc..

  • Belgium Business Confidence Rises Again in February

    Belgian business sentiment rose in February for the third consecutive month, data from the National Bank of Belgium showed Monday. Business confidence in Belgium increased to minus 4.4 in February from minus 7.5 in January. This compares with a forecast of minus 6.0 by economists polled by The Wall Street Journal.

  • U.S. Economic Activity Accelerates in January -- Chicago Fed

    The U.S. economy gathered momentum in January compared with the previous month driven by stronger consumption and housing data, the Federal Reserve Bank of Chicago said Monday. The Chicago Fed National Activity Index increased to 0.66 in January from a revised 0.41 in December, suggesting that the U.S. economy grew above trend and at a quicker pace than that of the previous month. The figure beats economists' consensus, who polled by FactSet expected the indicator to come in at 0.15.

  • German Business Sentiment Rises in February -- Update

    --German business sentiment improved in February, rising to 92.4 points. -- "The German economy is proving robust despite the lockdown, especially thanks to strength in industry," Ifo says. --Both components--business expectations and assessment of the current situation--posted gains.

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